Follow The Money: 10 Recent Tech VC Investments To Watch In May

Deep Pockets

Venture capital continues to flow to companies with good technology concepts and solid management teams. Mobility, cloud and analytics are just a few of the key market sectors as CRN takes you through some of the more notable investments made in May.



Headquarters: Atlanta
CEO: John Marshall
New Funding: $25 Million
Round: A
Backers: Accel Partners

AirWatch, a mobile security and enterprise mobility management company, has landed a $25 million funding round, which will be used to scale its research and development team, and help to drive marketing objectives for its Secure Content Locker product. With more than 6,500 customers to its credit, the company's technology provides network access control, identity and certificate management, enterprise wireless LAN management, enterprise architecture integration, as well as other features.


Headquarters: Irvine, Calif.
CEO: Dean Stoecker
New Funding: $12 Million
Round: A
Backers: Toba Capital and SAP Ventures

In a move that marks Toba Capital's first investment in the analytics space, Alteryx intends to use the additional resources to expand sales, marketing and product investments, as well as fund an initiative toward international expansion. The company's mission is to develop big data analysis tools with an eye toward distilling the data to develop a higher caliber of insights around advanced spatial and predictive analytics.

Atlantis Computing

Headquarters: Mountain View, Calif.
CEO: Bernard Harguindeguy
New Funding: $20 Million
Round: D
Backers: Adams Street Partners, Cisco Systems, El Dorado Ventures and Partech International

Atlantis Computing specializes in storage-intensive applications in private and public clouds as part of a strategy to optimize performance, cost, disaster recovery and the ability to scale on-demand. The company claims it has more than tripled its customer base over the past year, and now has over 250 customers with more than 300,000 licenses sold. The added funds are expected to be used to generate international expansion.

Auvik Networks

Headquarters: Waterloo, Ontario
CEO: Marc Morin
New Funding: $6 Million
Round: A
Backers: Celtic House Venture Partners, Rho Canada Ventures, BDC Venture Capital IT Fund

A Canada-based networking vendor that is developing a cloud-managed network automation platform has scored $6 million to help accelerate product development and marketing. The core technology involves a proprietary compiler that constructs network configurations from abstract business requirements in order to make the process more efficient and less tedious. The technology also includes monitoring and management capabilities.


Headquarters: Boston
CEO: Derek Schoettle
New Funding: $12 Million
Round: B
Backers: Devonshire Investors, Rackspace, Toba Capital, Avalon Ventures, In-Q-Tel, Samsung Venture Investment Corp.

Cloudant, a managed NoSQL database-as-a-service company, received a $12 million cash infusion in order to help fund a variety of efforts involving global expansion, support, service and go-to-market strategies. The company recently opened a new office in the UK, and announced intentions to open an additional facility in San Francisco.


Headquarters: San Francisco
CEO: Daniel O'Prey
New Funding: $1.5 Million
Round: A
Backers: Sequoia Capital

MadeiraCloud has developed a tool designed to simplify the process of designing, provisioning and managing Amazon clouds, including virtual private clouds (VPCs), storage, and network and security. Databases are currently not supported, according to the company's website, which also says that this feature will be coming soon.


Headquarters: Brooklyn, N.Y.
CEO: Eddie Pickle
New Funding: $3 Million
Round: A
Backers: Vanedge Capital

This company has developed an open-source software platform used for the management and sharing of spatial data to deploy solutions for web mapping, transportation, telecommunications, and similar solutions. The investment is intended to be used for further product development and additional training initiatives. The new investment also enables OpenGeo to spin off from tech incubator OpenPlans, which founded the company in 2002.


Headquarters: Toronto
CEO: David Canellos
New Funding: $12 Million
Round: B
Backers: Paladin Capital Group, Ascent Venture Partners, Intel Capital

Cloud security is an industry space that most insiders believe will remain in growth mode for the future. The company intends to further invest in the sale and marketing of its cloud security gateway, which uses encryption modules and tokenization techniques to protect sensitive data, specifically in the banking, insurance, government/public sector, health care and manufacturing sectors. The product supports a variety of popular cloud apps, such as and Oracle CRM On Demand.


Headquarters: San Francisco and Auckland
CEO: Vaughan Rowsell
New Funding: $2 Million
Round: Undisclosed
Backers: Point Nine Capital

Vend develops and markets a web-based, point-of-sale (HTML5 POS) platform that enables retailers to process sales, track inventory and manage customers on any device or platform, including an iPad, or legacy point-of-sale devices. The company says it currently has more than 11,000 accounts in roughly 80 countries, and processes more than 1 million transactions per month. The additional round of funding will be used to expand the company's headcount, as well as assist with a number of other priorities.


Headquarters: Burlington, Mass.
CEO: N. Louis Shipley
New Funding: $7.5 Million
Round: C
Backers: Globespan Capital, Bain Capital Ventures, Highland Capital Partners

Specializing in software-defined control for cloud and virtualized environments, VMTurbo intends to accelerate its sales and marketing activities, while also investing in product enhancements, through this latest round of funding. The company, which was recently awarded two patents, reports year-over-year growth of more than 150 percent during Q1, tripled its customer list over the course of the year, and has forged new alliances with VCE and NetApp.